in force 2026-06-11 MODIFIED+947 −213§
Amended by Regulation (EU) 2026/808 32026R0808
applies from: unchanged
The list of provisions in Article 7(3), fourth subparagraph, in which references to the Board are to be read as references to national resolution authorities has been expanded, adding cross-references to Article 8(10) third subparagraph and (11a), Article 10a, Article 18(1a) and (5), Article 21(8) second subparagraph, Article 22(5), Article 27(16) second subparagraph, Article 30(2b) and (2c), Article 30a(1) and (2), and Article 79(1), (2), (7) and (8), while some existing cross-references were reworded.
In Article 7(5), first subparagraph, the internal cross-reference changed from Article 12(2) to Article 12(3), the wording describing entities and groups established in participating Member States' territory was rearranged, and the phrasing on notification obligations was slightly reworded without altering the reference to publication in the Official Journal.
A new second subparagraph was added to Article 7(5) allowing participating Member States, after the earlier notification takes effect, to decide that responsibility for the relevant tasks be returned to the national resolution authorities, with that decision to be notified to the Board and the Commission and to take effect upon publication in the Official Journal.
Cited: Art. 7, v2 · Art. 7, v1
text before / after
02014R0806-20251110 → 02014R0806-20260611
Article 7
Division of tasks within the SRM
1. The Board shall be responsible for the effective and consistent functioning of the SRM.
2. Subject to the provisions referred to in Article 31(1), the Board shall be responsible for drawing up the resolution … 343 unchanged words … not provided for in the resolution plan.
When performing the tasks referred to in this paragraph, the national resolution authorities shall apply the relevant provisions of this Regulation. Any references to the Board in Article 5(2), Article 6(5), Article 8(6), (8), (10), third subparagraph, (11a), (12) and (13), Article 10(1) to (10), Article 10a, Articles 11 to 14, Article 15(1), (2) and (3), Article 16, the first subparagraph of Article 18(1), Article 18(2) (1a), (2), (5) and (6), Article 20, Article 21(1) to (7), the second subparagraph of Article 21(8), second subparagraph, Article 21(9) and (10), Article 22(1), (3) (3), (5) and (6), Articles 23 and 24, Article 25(3), Article 27(1) to (15), the second sentence of the Article 27(16), second subparagraph, the second sentence, third subparagraph, and the fourth subparagraph, first, third and fourth sentences of the fourth subparagraph of sentences, Article 27(16), 30(2b) and (2c), Article 30a(1) and (2), Article 32 and Article 32 79(1), (2), (7) and (8), shall be read as references to the national resolution authorities with regard to groups and entities referred to in the first subparagraph of this paragraph. For that purpose the national resolution authorities shall exercise the powers conferred on them under national law transposing Directive 2014/59/EU in accordance with the conditions laid down in national law.
The national resolution authorities shall inform the Board of the measures referred to in this paragraph that are to be taken and shall closely coordinate with the Board when taking those measures.
The national resolution authorities shall submit to the Board the resolution plans referred to in Article 9, as well as any updates, accompanied by a reasoned assessment of the resolvability of the entity or group concerned in accordance with Article 10.
4. Where necessary to ensure the consistent application of high resolution standards under this Regulation, the Board may:
(a) further to the notification by a national resolution authority of a measure under paragraph 3 of this Article pursuant to Article 31(1), within the appropriate timeframe having regard to the urgency of the circumstances, issue a warning to the relevant national resolution authority where the Board considers that the draft decision with regard to any entity or group referred to in paragraph 3 of this Article does not comply with this Regulation or with its general instructions referred to in Article 31(1)(a);
(b) at any time decide, in particular if its warning referred to in point (a) is not being appropriately addressed, on its own initiative, after consulting the national resolution authority concerned, or upon request from the national resolution authority concerned, to exercise directly all of the relevant powers under this Regulation also with regard to any entity or group referred to in paragraph 3 of this Article.
5. Notwithstanding paragraph 3 of this Article, participating Member States may decide that the Board exercise all of the relevant powers and responsibilities conferred on it by this Regulation in relation to entities and to groups, groups established in their territory, other than those referred to in paragraph 2, established in their territory. 2 of this Article. If so, paragraphs 3 and 4 of this Article, Article 9, Article 12(2), 12(3), and Article 31(1) shall not apply. Member States that intend to make use of this that option shall notify the Board and the Commission accordingly. thereof. The notification shall take effect from the day of its publication in the Official Journal of the European Union.After the notification referred to in the first subparagraph of this paragraph has taken effect, participating Member States may decide that the responsibility for performing the tasks in relation to entities and groups established in their territory, other than those referred to in paragraph 2, shall be returned to the national resolution authorities, in which case the first subparagraph of this paragraph shall no longer apply. Member States that intend to make use of that option shall notify the Board and the Commission thereof. That notification shall take effect from the day of its publication in the Official Journal of the European Union.